43 C.F.R. § 30.414

Current through September 30, 2024
Section 30.414 - What will be contained in the Order to Submit Bids?

For each property for which a request to purchase at probate is pending, the Order to Submit Bids will include:

(a) A finding of the fair market value of the interest to be sold, determined in accord with the appraisal/valuation provided by the BIA under § 30.411 ;
(b) Information concerning where a copy of the appraisal/valuation may be viewed;
(c) Direction to potential bidders to submit bids to purchase the property that are equal to or greater than the fair market value;
(d) A deadline by which OHA must receive bids from all potential bidders; and
(e) A statement that if no bids are submitted by the deadline, the request to purchase will be denied.

43 C.F.R. §30.414

86 FR 72068, 1/19/2022